Energy consumption and real GDP: Panel co-integration and causality tests for sub-Saharan African countries

被引:0
|
作者
Fowowe, Babajide [1 ]
机构
[1] Univ Ibadan, Dept Econ, Ibadan, Nigeria
关键词
energy consumption; Sub-Sahara Africa; panel co-integration; real GDP; UNIT-ROOT TESTS; ECONOMIC-GROWTH;
D O I
暂无
中图分类号
TE [石油、天然气工业]; TK [能源与动力工程];
学科分类号
0807 ; 0820 ;
摘要
This paper investigates the causal relationship between energy consumption and real GDP in 14 Sub-Saharan African countries over the period 1971-2004. The results of panel co-integration tests showed that energy consumption and real GDP do not have a stable long-run equilibrium relationship. We find that for all members of the panel, there is homogenous causality from energy consumption to real GDP and vice versa. This bi-directional causality supports the feedback hypothesis.
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页码:8 / 14
页数:7
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